Tag: Boeing

The Story: Boeing, one of the globe's largest aerospace manufacturers, and a pillar of the economy of Washington State, appeared to be in real trouble...

A Boeing 737 plane arriving from the Guantanamo Bay military station in Cuba with 143 people aboard went off the runway and into the St. Johns River in Florida, authorities said. CNN's Natasha Chen reports. #CNN #News

A CNN investigation of the Boeing 737 Max aircraft uncovers a history of issues with one component being blamed for two deadly crashes. Boeing insists nothing is wrong with the design, blaming pilots for not following proper procedure. CNN's Drew…

Greg Baker/Agence France-Presse — Getty Images WASHINGTON — The United States and the European Union are preparing to impose tit-for-tat tariffs on each other’s products, the latest escalation in a 14-year fight over government aid given to Boeing and European rival Airbus. “The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of E.U. It will soon stop!” The United States Trade Representative said on Monday night that it was preparing a list of European products to tax as retaliation for European subsidies to Airbus, which the World Trade Organization ruled were illegal in May 2018. The announcement of new tariffs stems from a dispute that began in 2004 related to government subsidies that Europe provides to Airbus, which is a rival to America’s Boeing. The United States requested the authority to impose retaliatory tariffs of $11.2 billion per year, and the two sides are awaiting a decision on the level of tariffs that the United States will be authorized to levy on the European Union. ends these harmful subsidies, the additional U.S. duties imposed in response can be lifted.” The European Commission indicated on Tuesday that it considers the $11 billion in retaliatory measures to be overblown and not justified by any findings by the World Trade Organization. In a statement, Boeing said it supported the United States Trade Representative and hoped that the draft tariff list would encourage the European Union “to comply with past W.T.O. However, they also have been quick to publicize the organization’s decisions when it finds in their favor. In its statement Monday, the Trump administration emphasized that its latest measures against the European Union would comply with the rules of the World Trade Organization. In a separate announcement Tuesday, the U.S. Trade Representative said the W.T.O.

A powerful and poorly understood anti-stall system in the new planes may have played a role in the crashes, leading lawmakers and the public to question how the system was approved in the first place. Republicans will argue that regulations are bad for business and growth, while Democrats will essentially cede that point, arguing that rules are nonetheless necessary for health and safety. The notion of sharing the work of inspecting and clearing planes with the company isn’t absurd. There’s a rule for that. Then there are the 4,600 Max 8 planes yet to be delivered, all of which will stay on the ground until the company has fixed the issue and they are cleared to fly again. This might have been avoided with a better regulatory process, one that didn’t put quite so much faith in the company to regulate itself. But the notion that regulation can be good for business runs counter to the political debate about rules in Washington. Boeing is far from the only example of good regulations being good for business—or regulatory lapses being bad. (The FAA took a long timeto put rules in place for drones, and as a result, companies that make them started testing in countries that already had clear rules.) The renewed attention on airplane safety, and to what extent Boeing should be able to regulate itself, is a good thing.

The announcement came well after many other countries had grounded the aircraft. (Just this fall, the company won a $9.2 billion contract to make a new generation of jets for the Air Force.) And its employees, political action committees and other affiliated groups have donated more than $8.4 million in campaign contributions since 2016, giving to Democrats and Republicans in equal measure. The answer is a loophole, cemented in the law in the 1970s, that permits government contractors to set up “separate segregated funds,” or political action committees, to make political contributions using money typically pooled from the contractors’ executives and major shareholders. He noted that if nothing else, it creates “the appearance of the government contractor buying influence despite the contractor contribution ban.” Boeing’s PAC is a “major player” Mr. Fischer said. Boeing correctly reports that the company itself does not directly fund super PACs (which are allowed to raise unlimited amounts of money). The company’s PAC may give up to $5,000 to a candidate’s campaign committee or use its funds for any other “lawful purpose” — which includes unlimited contributions to super PACs or “dark money” nonprofit groups as well. There is also, in effect, another even larger loophole for contractors looking to influence national politicians: the inaugural committee for a president-elect. Because inaugural committees are technically not connected to the political campaign, “all bets are off,” as Mr. Fischer put it. “The public can’t have complete faith that the government’s decisions around the 737 Max 8 were made based on the public’s interests,” Mr. Fischer said.

All Boeing 737 Max 8 and Max 9 planes will be grounded until more information is gathered following two deadly plane crashes. FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines…

President reportedly requesting a more patriotic paint-job on the Boeing 747s along with bigger, more comfortable beds. FOX News Channel (FNC) is a 24-hour all-encompassing news service dedicated to delivering breaking news as well as political and business news. The…